Buy Adani Ports, price target Rs 404: Kunal Bothra

Kunal Bothra has a buy call on Adani Ports & Special Economic Zone Ltd. with a target price of Rs 404.0 . The current price of Adani Ports & Special Economic Zone Ltd. is Rs 383.1 . Kunal Bothra recommended to keep a stoploss at Rs 373 .

Adani Ports & Special Economic Zone Ltd., incorporated in the year 1998, is a Large Cap company (having a market cap of Rs 77206.57 Crore) operating in Shipping sector.

Adani Ports & Special Economic Zone Ltd. key Products/Revenue Segments include Income from Port Services which contributed Rs 4367.18 Crore to Sales Value (81.83 % of Total Sales), Infrastructure Leasing Income which contributed Rs 780.40 Crore to Sales Value (14.62 % of Total Sales), Export Incentives which contributed Rs 139.24 Crore to Sales Value (2.60 % of Total Sales) and Other Operating Revenue which contributed Rs 49.56 Crore to Sales Value (0.92 % of Total Sales)for the year ending 31-Mar-2019.


For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 2821.16 Crore, up .96 % from last quarter Sales of Rs 2794.47 Crore and up 8.17 % from last year same quarter Sales of Rs 2608.01 Crore Company has reported net profit after tax of Rs 1059.19 Crore in latest quarter.

The company’s top management includes Dr.Malay Mahadevia, Mr.Bharat Sheth, Mr.Gautam S Adani, Mr.Gopal Krishna Pillai, Mr.Karan Adani, Mr.Mukesh Kumar, Mr.Rajesh S Adani, Mrs.Nirupama Rao, Ms.Radhika Haribhakti, Prof.Ganesan Raghuram. Company has Deloitte Haskins & Sells LLP as its auditoRs As on 31-12-2019, the company has a total of 2,031,751,761 shares outstanding.